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<Research>M Stanley Hikes POWER ASSETS (00006.HK) TP to HKD56, Rating Equalweight
Recommend 12 Positive 16 Negative 7 |
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Morgan Stanley updated its model for POWER ASSETS (00006.HK) based on the company's 2025 results. After excluding earnings contributions from the disposals of UKPN and UK Rails, the broker lowered its recurring earnings forecasts for 2026 and 2027 by 7% and 15% respectively, to HKD5.7 billion and HKD5.2 billion. It also introduced a 2028 recurring earnings forecast of HKD5.2 billion. Due to an upward revision in the estimated regulated asset base of its core assets, the broker raised its TP from HKD49 to HKD56. The current implied dividend yield is 4.7%, comparable to the yield on the US 10-year Treasury. The rating was Equalweight. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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